Abbreviation: PriceLow ExpAvg
Category: Advanced Price Basic
Input Parameters:
| Name | Range | Default |
| Low Price | Low | |
| Price Periods | Int >= 1 | 5 |
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = PriceLow(Low Price, Price Periods)
PriceLow represents Price Low
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Price Low indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.